THE Executive Secretary, Tertiary Education Trust Fund (TETfund), Abdullahi Baffa says the University of Ibadan would not be considered for the disbursement of 2018 allocation from the Fund because of its backlog of unaccessed funds.
Baffa explained that in line with the Performance Index Disbursement (PID) Model which TETFund operates, the University of Ibadan cannot commence the drawdown of its 2015, 2016, 2017 and even the about to be released 2018 allocations unless it meets the requirements for such.
“There are Year 2015, 2016, 2017 allocations that they are yet to be able to draw from and we will soon release the 2018 allocation which they will not be able to draw from until they are able to close down the 2011 to 2014 merged allocations,” he said in Ibadan during the commissioning of six out of the 42 projects the Fund is sponsoring at the university.
“Our interventions are such that we allocate resources but we disburse such resources when you have been able to fulfill the requirements.”
He maintained that part of the requirement is that benefiting institutions must perform such that
the money that was given previously must be utilize and retire.
“We come to monitor the project, commission the project, and ensure you have made judicious utilization of the money before we can give you another one,” Baffa said
The TETfund Executive Secretary insisted that the management of the Fund would expect the University of Ibadan to complete the projects which it has started with the merged 2011 to 2014 allocations saying “when they finish and retire the money properly, they can then commence the drawdown of the unaccessed allocations”
He also lamented the quality of finishing of the work done at the Virology Department Project, Faculty of Science Lecture Theatre and the Food Science Technology Laboratory, and directed the management of University of Ibadan to recall the contractors to site and ensure that the projects were completed according to specification.
“To call a spade with no other name, the contractors handling these projects at University of Ibadan are not performing up to our expectation and I have already drawn the attention of the management of University of Ibadan to try and complete these projects, especially the Faculty of Science Auditorium, the Food Science Technology Laboratories and the Virology Department Complex.
“These are part of the 42 projects that TETFund is financing at the University of Ibadan from 2008 to 2014, costing about N6.5billion.”
Baffa said three out the six commissioned projects were “not really the way we want to see them and we have already taken steps to correct that.”
His said TETfund’s technical team would return to University of Ibadan to follow up on the completion of these projects.
“The University Management I am sure will also take the necessary steps to ensure the contractors are called back to site to do what is needful to ensure that the agreement they have signed with the University as far as the quality and the deliverable of the projects are met before we will be able to accept these projects are completed projects” he added
